Survey Finds Agencies Take a Second Look at Hiring Employees With Past E&O Histories Today’s soft insurance market, reduced commissions and a tough economy for agency owners and their clients might be adding to agency errors and omissions (E&O) exposures. …
The state says a New York City suburb endangered two employees who suffocated in a manhole by not providing proper training or equipment. The village of Tarrytown was issued four violations of safety laws. Two were classified as willful, meaning …
It’s illegal to text while driving in most U.S. states yet a new study finds such bans do not reduce car accidents and may actually increase insurance claims. Researchers at the Highway Loss Data Institute (HLDI) found no reductions in …
Arthur J. Gallagher & Co. said it has acquired wholesale insurance broker Continental Excess & Surplus, Inc., trading as Continental/Marmorstein & Malone, located in Paramus, New Jersey and its affiliate, All Risk/CESI, LLC., located in New York City. Terms of …
A Lynnwood, Wash., man who claimed that thieves had repeatedly made off with his collection of more than 200 silk neckties has paid back more than $33,000 and pleaded guilty to two counts of making a false insurance claim. Under …
Questionable property/casualty insurance claims rose 12 percent in the third quarter over last year, according to the latest reports from insurance companies. Through the third quarter of 2010, the National Insurance Crime Bureau received 70,295 referrals for questionable claims from …
New York-based wholesaler Russell Bond & Co. has promoted Richard Smith Jr. to Renewal Underwriter. He will underwrite for the firm’s Binding Authority Team, specializing in general liability, excess/umbrella, property, inland marine and workers’ compensation. Smith joined Russell Bond in …
Madison, Wis., is the most secure U.S. community among large metropolitan areas (population of 500,000 or greater) according to the seventh annual Most Secure U.S. Places to Live rankings from Farmers Insurance Group of Companies. Olympia, Wash., is the most …
Massachusetts-based insurer The Hanover has appointed David B. Greenfield as executive vice president and senior finance officer. Greenfield will assume the roles of chief financial officer and principal accounting officer in March. Greenfield most recently served as executive vice president …
A jury Tuesday ordered U.S. cigarette maker Lorillard Inc. to pay damages to a dead smoker’s family for allegedly enticing the woman and other black children with free cigarettes given out decades ago. Evans vs Lorillard was the first case …
